Duke Energy provides electricity and natural gas services to residential, commercial, and industrial customers across the United States. The company generates, transmits, and distributes energy, charging customers based on regulated rates. Duke Energy utilizes both traditional energy sources, like coal and nuclear, and is increasingly investing in renewable energy, including wind and solar power, to meet the demand for cleaner energy. Advanced technologies, such as drones, are employed to improve operational efficiency and safety in managing their infrastructure. The company also offers programs to help customers manage their energy bills and is committed to diversity and inclusion in its workplace culture. Duke Energy aims to deliver reliable and sustainable energy solutions while engaging with and supporting the communities it serves.

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Ensures nuclear energy remains core to its 'all of the above' energy generation strategyAligns with Duke Energy's focus on reducing costs and risks for its customers, investors and operations while supporting long-term regional economic developmentIncludes agreement to invest in activities to advance standard design and licensing of GE Hitachi's small modular reactor technology while gathering industry learnings and best practicesCHARLOTTE, N.C., Jan. 17, 2025 /PRNewswire/ -- Duke Energy today announced its participation in a multi-joint public-private application for the Department of Energy's (DOE) U.S. Gen III+ small modular reactor (SMR) technology grant.If awarded by the DOE, the grant, which is being led by Tennessee Valley Authority (TVA), will support Duke Energy's new nuclear strategy by joining with other utilities and technology providers to more cost effectively advance a standard technology design and license, while learning best practices from others in the industry who are also pursuing new nuclear technologies. The goal is to continue to reduce technology risks and costs for the benefit of our customers, communities and investors."Our participation in this grant reflects our commitment to nuclear energy's role in our long-term 'all of the above' generation strategy by supporting the rigorous evaluation of future technologies, such as small modular reactors," said Harry Sideris, the company's president. "Public-private partnerships such as this accelerate technology development and increase our access to industry learnings and best practices, so we can deliver the best value for our customers, communities and investors."As outlined in the DOE grant application, Duke Energy will participate as a member of a proposed U.S. coalition on SMRs

To Accelerate The Exploration Of New Nuclear Technologies, Duke Energy Joins Industry Group Vying For Doe Grant

Company monitoring forecasts ahead of extreme cold temperaturesCompany also shares reminders on ways to save energy and money as temperatures drop next week; b-roll of energy-saving tips available hereCHARLOTTE, N.C., Jan. 17, 2025 /PRNewswire/ -- Duke Energy is monitoring forecasts and preparing for a cold snap next week across the Carolinas. Temperatures could dip to the single digits in some areas.Ways to save energy and money as temperatures dropDuke Energy is here to help our customers take control of their energy use and save money through no-cost, low-cost energy efficiency tips.Low- to no-cost energy-saving tipsReduce your thermostat to the lowest comfortable setting. The closer you match your thermostat to outdoor temperatures, the more you can save.Change your air filter and schedule regular maintenance for your heating systems. Maintaining your heating systems can help increase efficiency.Leave drapes or blinds open on the sunny side of the home to allow the sun's rays to warm the house, but close them at night to help insulate your home.Operate ceiling fans in a clockwise direction in the winter to push warm air back down into the room.Seal cracks in windows, doors and vents with caulking and weatherstripping to save 10% to 20% in heating costs.Replace standard bulbs with LEDs. LEDs are more efficient than regular bulbs, while giving off the same amount of light.Set your water heater to 120 degrees or less

Duke Energy Prepares For Cold Snap In The Carolinas; Offers Ways Customers Can Save Energy And Money

More than 15,000 trees distributed through collaboration with the Arbor Day Foundation, local communities since 2017Company's highly trained arborists, contractors care for and maintain trees year-round, including ahead of hurricane seasonST. PETERSBURG, Fla., Jan. 14, 2025 /PRNewswire/ -- Following a devastating hurricane season, Duke Energy Florida is giving away 1,000 free trees to its customers as part of its ongoing collaboration with the Arbor Day Foundation.On Friday, Jan. 17, which is also Florida Arbor Day, Duke Energy Florida customers can request a free tree online starting at 9 a.m. at arborday.org/dukeenergy, while supplies last.The 1-gallon trees are shipped directly to customers' homes with planting and care instructions and are expected to be delivered in time for National Arbor Day in April. Available tree species include the sweetbay magnolia, red maple, bald cypress, bottlebrush and crape myrtle (pink).The company also participates in several National Arbor Day tree giveaways with local cities, counties and communities and encourages residents to be on the lookout for those opportunities in the coming spring.Throughout the year, Duke Energy Florida certified arborists and environmental specialists work with skilled contractors to identify potential hazards, trim trees, apply herbicides and remove trees that pose a threat to power lines or could pose a threat in the future.The company's arborists are experienced professionals who cover all aspects of tree care and are familiar with the many species of trees in Florida

Duke Energy'S Tree Giveaway Encourages Floridians To Plant The Right Tree In The Right Place To Keep The Power Flowing

PowerHouse Charlotte Project Team Currently Developing Huge Site for Upcoming Powered Shell Construction CHARLOTTE, N.C., Jan. 14, 2025 /PRNewswire/ -- PowerHouse Data Centers, a leading real estate developer for next-generation hyperscale data centers and division of American Real Estate Partners (AREP), is excited to announce significant progress in the development of its groundbreaking data center campus located on a sprawling 122-acre site along University City Boulevard in Charlotte, North Carolina. Designed to redefine industry standards, the campus incorporates innovative features like advanced cooling systems, flexible powered shells, and infrastructure tailored for AI-driven workloads. Currently in the permitting phase, the project underscores PowerHouse's commitment to delivering state-of-the-art solutions that meet the growing demand for cutting-edge data center space in the Southeast United States. "The PowerHouse Charlotte campus is a game-changer," says Doug Fleit, Co-founder  CEO of PowerHouse. "We're redefining the data center landscape with a flexible design that, in a world where compute densities and architecture are in constant flux, lets hyperscale tenants tailor to their specific needs and vision

Powerhouse Powers Ahead: Hyperscale Data Center Rising In Charlotte, Nc

CHARLOTTE, N.C., Jan. 9, 2025 /PRNewswire/ -- Duke Energy (NYSE: DUK) today declared a quarterly cash dividend on its common stock of $1.045 per share. This dividend is payable on March 17, 2025, to shareholders of record at the close of business on Feb. 14, 2025.The company also declared a quarterly cash dividend on its Series A preferred stock of $359.375 per share payable on March 17, 2025, to shareholders of record at the close of business on Feb. 14, 2025. This is equivalent to $0.359375 per depositary share.Duke Energy has paid a cash dividend on its common stock for 99 consecutive years.Duke EnergyDuke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America's largest energy holding companies

Duke Energy Announces Dividend Payments To Shareholders

Mix of snow, sleet and freezing rain could cause power outages in some regionsCustomers are encouraged to prepare in advance for potential outagesCompany also shares reminders on ways to save energy and money as temperatures drop this week; b-roll of energy-saving tips available hereCHARLOTTE, N.C., Jan. 8, 2025 /PRNewswire/ -- Duke Energy is monitoring forecasts and preparing for a winter storm, including the potential for snow and ice, that could cause power outages in some areas."As the winter weather approaches, we're encouraging customers to prepare and have a plan in place in case they experience a power outage," said Jason Hollifield, Duke Energy's storm director in the Carolinas. "Our crews are prepared and will work as quickly and safely as possible to restore power when outages occur."Potential for ice accumulation on trees, branches, power linesThe type of precipitation in a winter storm can increase the likelihood of power outages. Ice buildup of a quarter inch or more on trees and branches can cause them to fall on power lines and create power outages. Higher accumulations of a half inch or more can cause power lines to sag or even fall as well. Heavy, wet snow of 6 inches or more also can cause trees and branches to fall on power lines.Reliability improvements help reduce outagesDuke Energy works on grid improvements throughout the year to help avoid outages and restore power faster when outages occur

Duke Energy Prepares For Winter Storm In The Carolinas

Growing menu of options offers customers more savings and better control over how they use their energySome incentives have doubled or even tripledCHARLOTTE, N.C., Jan. 6, 2025 /PRNewswire/ -- Duke Energy has increased incentives and eligibility for many of its residential and business energy efficiency and demand response programs in North Carolina, expanding ways customers can save energy and money. The updates were approved by the North Carolina Utilities Commission (NCUC) and launched on Jan. 1, 2025."We're just getting into the heart of the winter season when extreme temperatures can lead to an increase in energy use," said Kendal Bowman, Duke Energy North Carolina state president. "Some of our program incentives have doubled – or even tripled – making now the most rewarding time to make energy efficiency improvements or enroll in programs at your home or business to help save."Residential program incentive increasesCustomers can better manage their energy use and save energy and money with energy efficiency programs. Through demand response programs, customers can receive bill credits when they choose to shift their use to lower energy demand periods

New Year, Bigger Incentives: As Temperatures Fall In The Carolinas, Duke Energy Increases Financial Incentives For Customer Energy Efficiency And Demand Response Programs

Decrease incorporates benefits from federal Nuclear Production Tax Credits, along with other rider adjustmentsAnnual bills for typical residential customer are $466 below national averageCHARLOTTE, N.C., Dec. 31, 2024 /PRNewswire/ -- Duke Energy Carolinas customers in North Carolina will see their electric rates fall starting Jan. 1 as part of an annual adjustment for the cost of fuel used to generate electricity at its power plants, along with other rider adjustments.A typical residential customer in North Carolina using 1,000 kilowatt-hours (kWh) per month will see an overall decrease of $8.96, or about 6.2%, from current rates, falling from $144.31 to $135.35. That is 22% below the national average of $174.21 – a difference of approximately $466 per year.Commercial customers will benefit from an average decrease in their bills of about 11.5%, and industrial customers will see an average decrease of less than 1%.Duke Energy Carolinas serves about 2.2 million households and businesses in central and western North Carolina, including Charlotte, Durham and the Triad.Elsewhere in the state, Duke Energy Progress customers are already benefiting from a 4.5% decrease that went into effect on Dec. 1.Customer Savings Driven by Falling Fuel PricesTo ensure accurate rates, the North Carolina Utilities Commission (NCUC) annually reviews the fuel costs needed to generate electricity for customers, along with rider updates for state programs to encourage clean energy adoption and reduce energy use. The commission approved the following adjustments:A decrease of 8.8% to adjust for falling fuel prices.A decrease of 0.6% resulting from nuclear production tax credits from the Inflation Reduction Act (IRA); more than half of Duke Energy's power in the Carolinas comes from carbon-free nuclear.Adjustments of less than 1% to existing riders for customer assistance, storm securitization, and energy efficiency and demand-side management programs to lower energy use.An increase of 2.9% to base rates, as approved last January by the NCUC in its 2024 multiyear rate case order.The collective result is a 6.2% rate reduction for typical residential customers – in other words, the decrease from fuel more than offset the second-year increase to base rates.Duke Energy works to actively manage fuel contracts to keep costs as low as possible for customers

Duke Energy Carolinas Customer Rates Drop 6.2% On Jan. 1 Due To Falling Fuel Prices

Duke Energy Florida mobilized more than 27,000 workers and additional resources to restore power for approximately 2 million customers impacted by hurricanes Debby, Helene and MiltonST. PETERSBURG, Fla., Dec. 27, 2024 /PRNewswire/ -- Today, following a devastating 2024 hurricane season, Duke Energy Florida filed a plan with the Florida Public Service Commission (FPSC) to recover an estimated $1.1 billion in direct costs associated with the company's emergency activation and response to hurricanes Debby, Helene and Milton, which included mobilizing more than 27,000 workers and additional resources to restore power for approximately 2 million impacted customers. Given the severity of these three storms, the filing covers a range of costs, such as deploying hundreds of Duke Energy crews from the entire span of the company's service territories and acquiring significant mutual assistance from across the country and even Canada; standing up staging sites, basecamps and temporary lodging, while also providing meals for thousands of lineworkers and field personnel; and repairing, rebuilding and replacing critical infrastructure, including poles, wires and transformers, that were damaged and/or destroyed by catastrophic storm surge and wind. "Quickly and safely getting the lights back on for our customers was our highest priority after each of these brutal storms. While today's filing reflects the costs of those efforts, we want to assure our customers that, as part of our overall commitment to affordability, we strived to minimize the impact on their bills as much as possible, and moving forward, we will keep making strategic investments to strengthen the electric grid and help ensure they have the reliable power they need," said Melissa Seixas, Duke Energy Florida state president

Duke Energy Florida Files For Costs Associated With Emergency Activation And Response Following Devastating 2024 Hurricane Season

Qualifying Duke Energy customers can receive up to a $300 account credit annually. Over the last year, Duke Energy has supported more than 2,000 Indiana households with more than $650,000 in energy bill assistancePLAINFIELD, Ind., Dec. 2, 2024 /PRNewswire/ -- Duke Energy Indiana is dedicating nearly $300,000 in financial assistance to help its customers in need pay their energy bills this winter season. The Share the Light Fund is supported by Duke Energy shareholders and voluntary contributions from customers and employees. "Duke Energy's Share the Light Fund is available to those who may be struggling to make ends meet," said Stan Pinegar, president of Duke Energy Indiana. "We work hand in hand with local community action agencies to connect our customers with available assistance, offer programs and tools to help manage their energy use and provide financial support during times of economic hardship."

Duke Energy'S Share The Light Fund Offers Nearly $300,000 In Bill Assistance To Indiana Customers Facing Financial Hardship This Winter Season

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Duke Energy

Provides electricity and natural gas services

Duke Energy

Provides electricity and natural gas services

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